Anything For You All: CEOs at big US companies make 276 times as much as the average worker

CEOs at big US companies make 276 times as much as the average worker

Inequality continues to be a big problem in the US, and one statistic that reflects this is the enormous disparity between pay for CEOs and workers at large companies.

According to a report published earlier this summer by Lawrence Mishel and Jessica Schieder of the Economic Policy Institute, CEOs of the 350 largest companies in the US by sales earn an average of about 276 times what the average worker at their company makes.

The EPI researchers noted that this was down from 302 times the average worker's pay in 2014, largely because CEOs tend to receive a large amount of their compensation in the form of stock and options; 2015 saw a pretty flat stock market.

Still, Mishel and Schieder observed that this ratio was "light years beyond the 20-to-1 ratio in 1965." They also noted that while CEO compensation grew by about 940% from 1978 to 2015 after adjusting for inflation, the typical worker's pay grew just 10% over that time.

For more, check out the full EPI report here.

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